ED Conducts Raids on 32nd Avenue Group in ₹500 Crore Fraud Probe

April 14, 2026 : The Enforcement Directorate (ED) on Tuesday carried out search operations at seven locations linked to the 32nd Avenue Group across the National Capital Region (NCR) and Goa in connection with an alleged fraud exceeding ₹500 crore.

The action comes in the wake of multiple complaints and FIRs filed by investors, who have accused the group of duping them through fraudulent schemes. According to the ED, the searches are part of an ongoing investigation aimed at uncovering the financial irregularities and tracing the flow of funds.

Officials indicated that further details are expected as the probe progresses.